How easy is it to get a Business Loan from a bank?
 

How easy is it to get a Business Loan from a bank for someone with "Mediocre" credit?

I already have a business plan laid out.

The loan is for under $50k

A business loan for someone with perfect credit is going to be hard, unless you have good income or cash.

well they will mostlikly look at your credit and that only if its a business less then 3 years old

if its older they will ask for financial statements etc and even if your credit is bad they might push it thru

I have a 100k open line of credit from OPEN Network from AMEX.

They bothered me for so long so I said ok give it to me. I havent touched it.

I used the gold cards for 2 yrs and such and payed evry month and shit so they keep on hounding you.

What do you mean "if it's a business less than 3 years old"? The business is non-exitstent. I am looking to get a loan to start it.

You are a guido baller.

not really it means shit tbh , all it means is that we have good credit with OPEN network and such...

From my understanding, they have little faith in Internet businesses and I'm sure porn is out of the question. Hopefully your venture is something brick and mortar. But with little to no credit you're probably out of luck, you should try seeking out investors instead.

then its all about u they do not care how good or bad your idea is, if you credit is good they might help

if its a start up , then your own personal credit will be used

If you had a business for lets say 4 years and you have good D n B rating and money in bank then you can get a business loan easier.

If you tell them your in porn biz its gonna be hard :Graucho

Unless you come up there with a VERY good business plan you will most likely get refused

It's going to be an offline venture - a BBQ restaurant.

bar b q ribs?

Yup

official bbq for internext !

There is no way in HELL that ANY reputable bank would give you a line of credit worth more than :2 cents:

first thing they will ask, got collateral?

is it for adult? not sure if banks will touch it unless you already have a bunch of shit through them.